If you’re familiar with the rules of the road than you probably know that having car insurance is mandatory, yet 1 in 8 drivers will drive their vehicles uninsured. If you’re in need of auto insurance Leesburg Fl has an assortment of different insurance companies who can help assist you.
Benefits of Having Car Insurance
According to data collected from the National Highway Traffic Safety Administration, there are more than 7 million vehicle-related accidents in the United States annually. Now, try and imagine if none of these people had car insurance. By driving uninsured you’re putting your finances and everyone else on the road at risk. According to data gathered by the National Safety Council, average vehicle-related damages are typically between $9,000 and $14,000, but this doesn’t include accident-related injuries which average out to $70,000 per crash. Auto insurance protects you and your finances, just in case an accident was to occur.
If you were ever to get into a car accident, your insurers are there to walk you through the unpleasant process which includes contacting the other driver’s insurer, filing claims, the process of having it repaired, and to make sure your claim is settled as quickly as possible. If you happen to encounter an uninsured driver, your insurance provider will help you recover your costs.
Peace of Mind
One of the biggest advantages of having auto insurance is it provides you constant reassurance in case an accident were to occur, which provides you and anyone else on the road financial protection. Even if you’re the best driver on the planet, that doesn’t mean an accident won’t occur. Auto insurance protects you from people who text and drive, speeders, and of course reckless drivers.
You’re Required by Law to Have it
Auto insurance is a legal requirement in almost every state. You’re typically required to have a minimum amount of liability coverage or financial responsibility bonds. States such as New Hampshire require all drivers to post a bond, which proves their ability to pay for any post-accident expenses. Drivers without auto insurance can result in harsh fines or even a suspended license. If you have no liability and personal injury insurance and if an accident were to occur, it could result in court fines or jail time if another driver were injured or killed.
A roadside fire is a very scary situation, luckily if you have insurance it will likely cover all repairs related to fire damage. Comprehensive coverage also will cover any damages caused by vandalism and falling objects, such as heavy tree branches. Imagine you wake up for work one morning to find that your car has been stolen. This is every person’s worst nightmare, but if you happen to have comprehensive coverage, it will pay to reimburse you for the value of your vehicle.
Floods cause millions of dollars worth of damage annually. The water can seep into your vehicle and damage its mechanical parts and ruin the upholstery. If you have comprehensive auto insurance all of these damages will be covered. It will also cover any weather-related damages.